Dear readers, yesterday seems to be quite an ordinary day for the Singapore stocks where the Straits Times Index rose 0.59%. It was a decent day for Singapore investors against a backdrop of not too many news to shape the stocks markets for a southward move and hence stocks on average inched up.
Only then till later in the day, a photo of North Korea Leader Kim Jong-Un on a white horse at a sacred mountain was circulated in the news. News headlines reported that the North Korea leader vowed to surmount US-led sanctions on his country.
There it goes again, investors. Another element to throw into the macro backdrop for global equities which was already cluttered with US-China trade tensions, impeachment inquiry on US President, Brexit, Federal Reserves’ interest rate hike decision and etc. While investors thought it is silent on the US-Korea nuclear negotiations front, more uncertainties seem to be on the card.
Thus, I would urge investors to be even more cautious when making the next investment as there seems to be more and more elements that may add up to a stocks markets correction next.
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